Five Seasons Is a Merchandiser of Packed Foods How Much Was the Unit Cost Per Item of Product

question 81

Multiple Choice

Five Seasons is a merchandiser of packed foods.The company provides the following information for the year: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 145,000 \\\hline \text { Cost of Goods Sold } & 64,000 \\\hline \text { Operating Expenses } & 67,000 \\\hline \text { Net Income } & 14,000 \\\hline \text { Number of Units Sold } & 29,000\\\hline\end{array}$$ How much was the unit cost per item of product sold? (Round your answer to the nearest cent.)

• A)$4.52
• B)$5.00
• C)$2.21
• D)$100.48

---

Definitions:

Endosymbiotic Theory

Explanation of the evolution of eukaryotic organelles by phagocytosis of prokaryotes.

Eukaryotic Cells

Cells with a true nucleus enclosed in a membrane, along with other membrane-bound organelles, characterizing plants, animals, fungi, and protists.

Prokaryotic Cells

Cells without a defined nucleus or other membrane-bound organelles, commonly found in bacteria and archaea.

Archaea

A domain of single-celled microorganisms that are structurally similar to bacteria but have unique genetic, metabolic, and biochemical characteristics.